Business Rates on Self-Catering Premises

 

If your property is available to let for 140 days or more a year, it will be rated as a self-catering property. Self-catering holiday accommodation is valued for business rates because it is not a sole or main residence for anyone.

 

If your property is available to let for 140 days or more a year, it will be rated as a self-catering property. Self-catering holiday accommodation is valued for business rates because it is not a sole or main residence for anyone.

 

The price per single bed space is worked out by looking at the profitability levels of a range of self-catering holiday properties. The VOA looks at the total income (excluding VAT) that a typical property generates, and then deducts the associated costs - such as:

 

maintenance for the property and garden

water rates

TV licences

depreciation of fixtures

 

This calculation does not include the cost of any loan or mortgage used to buy the property

 

Sources of valuation information

 

The VOA collects information about property from several sources, including the owners and the operators, by:

 

visiting the property to first assess its rateable value

holding details of properties in the local area

sending out forms requesting the trade details from owners

collating information from brochures, agents and the internet

 

If you think your turnover has significantly reduced sinced 2008 then you could be inline for a reduction and also a rebate so Call us TODAY - We can Help....

 

 


 

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